But does it mean it’s everyone’s recession?
On June 23, the news site Semafor reported on the return of “art that resembles collections of trash” citing:
Several exhibitions across New York, including at MoMA PS1, feature “gather art,” made by “foraging for tossed-out junk… ” Given the provenance of the materials and the dour aesthetic, some critics have argued the style is something of a recession indicator.
This idea isn’t new. In his August 1985 Elliott Wave Theorist special report, Robert Prechter recognized one of the earliest-documented trash-art movements as a vivid indicator of negative social mood:
The late 1960s produced Peter Max, who specialized in adorning objects for public consumption with bright primary colors, and Andy Warhol, who produced colorful trash-art.
1970s pop art, produced during the bear market, generally consisted of massive hunks of dark iron or stone sculpture, much of which was detested for its ugliness and later removed… Our concern is not whether it is art, but whether it expresses a light, bright, positive mood or a heavy, dark, negative one.
Today’s trash-art movement is notable. Most mainstream indicators can’t confirm or deny a recession until after its underway.
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